Need A Financial Product Forums Tax Savings Do I need to pay fine on missed ITRs

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #48276
    samkapoor77
    Keymaster

    I missed to file last 2 years income tax returns because of my health issues. I have genuine reports to prove my point. I don’t have any outstanding tax liability and whatever tax was due has already been deducted as TDS. IF I file now, will I need to pay a heavy penalty? Is there any way I can reduce this fine?

    #48277
    samkapoor77
    Keymaster

    Since your reason sound to be genuine, I don’t think that the assessing officer will impose any penalty. File your ITR without worrying.

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.